StockNews.com Upgrades LendingTree (NASDAQ:TREE) to "Buy"

LendingTree (NASDAQ:TREE - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

A number of other equities analysts have also commented on TREE. Susquehanna boosted their price objective on LendingTree from $50.00 to $58.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Needham & Company LLC upped their price target on shares of LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Oppenheimer raised their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Northland Securities boosted their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a "market perform" rating in a research note on Friday, July 26th. Finally, Stephens increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

LendingTree Price Performance

Shares of TREE traded down $0.78 during trading hours on Friday, hitting $47.42. The stock had a trading volume of 284,597 shares, compared to its average volume of 313,651. LendingTree has a 52 week low of $13.87 and a 52 week high of $62.49. The stock has a market capitalization of $633.53 million, a price-to-earnings ratio of -17.56 and a beta of 2.11. The company's fifty day moving average is $55.33 and its two-hundred day moving average is $49.71. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 1.82.

Hedge Funds Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock worth $25,000 after buying an additional 420 shares during the last quarter. nVerses Capital LLC raised its position in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 800 shares during the period. Headlands Technologies LLC boosted its stake in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock worth $80,000 after acquiring an additional 270 shares during the last quarter. Quest Partners LLC acquired a new position in LendingTree during the second quarter valued at approximately $132,000. Finally, Meeder Asset Management Inc. bought a new stake in LendingTree in the second quarter valued at approximately $139,000. 68.26% of the stock is owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.